Answer:
$15,576 should appear as Cash and Cash Equivalents on the balance sheet
Explanation:
Cash and Cash Equivalents
= Cash in a checking account + Cash in saving account + High-grade government securities
= $5,000 + $7,000 + $3,576
= $15,576
Therefore, $15,576 should appear as Cash and Cash Equivalents on the balance sheet
The strategic alliance between GM and Lyft allows GM to hedge against uncertainty by giving GM access to the market of the future, increasing its market innovation.
Through this strategic alliance, GM demonstrates innovation in its processes by investing in a car rental market, as there is an expectation that in the future there will be a drastic reduction in private cars.
<h3 /><h3>What is a strategic alliance?</h3>
Corresponds to an agreement between two or more companies, where there is an independent partnership for sharing organizational resources, such as technology, market and knowledge.
Therefore, through the partnership with Lyft, GM is already entering an innovative and expanding market, developing its positioning strategy for the future.
Find out more about strategic alliance here:
brainly.com/question/13710961
#SPJ1
Because people who are earning a low income still have to pay the same amount as people who are recieving a high income